The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
With Moz being one of the most corrupt countries in Africa, you can bet that GV became fantastically wealthy many years ago, and hasn't needed the money from this deal over the past 8 years.
yes, indeed - and from Align today....
"News out today per HERE regarding the current stage of negotiations with General Veloso".
......emphasis on "current stage of negotiations".............. ie they are still ongoing - license has not been returned. Reality will filter back in during the coming weeks, with sp to drop back again, IMO.
Actually - to be precise about the RNS - the principle of a deal in not a contracted deal - its GV nodding his head in agreement over a G&T at Maputo country club. Anything could happen here - its Africa!
yes, indeed, and what if nut-case GV changes his mind, in principle? - then no deal.
"the return of this asset is now, finally, on the near horizon
... so license is still not back, then, really?
Jez, rather than another report needed, TW has already amassed a lot of material on his website about Eric and Mysquar - and I bet the only further thing he would add is "I told you so"
that will be hunted down eventually...
https://twitter.com/hashtag/mysq?f=tweets&vertical=default&src=hash
Well done petham. I've heard nothing on FCA.
This b/s coming from Mysquar IR about having not reportred Eric to any authority because he's not domiciled in Singapore is a weak argument because Eric, as CEO of Rising Dragon, was to be hauled into court in Singapore last year on the property related fraud charges - has anyone heard anything about what happened there?
As far as I can see the only police every involved here has been the LSE.co.uk BB police who take action by deleting any post which points out the truth about Mysquar being a fraud from day one of its IPO.
DShox, Mysquar IR confirmed to me in December 2018 that Mysquar BoD had not reported Eric to the Singapore police, or any other authority becuase, they said, that Eric has never been domiciled in Singapore, and that they have no information on his whereabouts.
This made me think that Chong is indeed involved in the theft of investors money.
a document in Eric Shaer's draw of the desk of his old office which, after brushing away the rat droppings from the pages, revealed Eric grand corporate strategy and vision for Mysquar after the 2015 IPO, and it read thus....
Lie after lie, after lie, after lie, after lie, after lie, after lie, after lie, after lie, after lie, after lie, then lay my hands on as much investors money as I can, resigned and make a run for it.
Report ends.
Basically Schaer ripped the heart out of the company by his criminal acts , Pottingier is already wealthy and a waste of space and Chong was always too weak by all accounts to take any action. Predicted action ahainst Schaer? - none.
Two-faced snake eyes Schaer will probably OD on his own bullshit - and our money, for that matter - at some point. Karma.
may have something to do with sp drop today - probably will delay things on PFP?
https://www.bloomberg.com/news/videos/2019-03-21/rescues-ongoing-in-mozambique-after-idai-video
Fundraising and dilution to keep the lights on...
by May
no one really cares about whats happend here, including the regulators and authorities, is because the amount of money stolen is not big enough to even register on their radar screens. If it was a few hundred million, or billions gone, then the shit would hit the fan and Schaer would be behind bars already.
Schaer knows this and its why he has slipped away quietly with a few mil, while disempowered PI's run out of steam and the will to do anything.
If the general gets caught up in this then negoitations will be called off, IMHO....
https://www.bloomberg.com/news/articles/2019-03-04/mozambique-debt-restructuring-to-proceed-finance-ministry-says?srnd=premium-africa
Will no doubt be the resignaiton of Stephen Chong (Interim Chief Executive), then he'll fly off to meet Eric Schaer to square up the spoils.
no update on the investigation. The truth is still being hidden. What a shambles.